Bank of America Securities Sticks to Their Hold Rating for Cemex SAB (CX)

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Bank of America Securities analyst Carlos Peyrelongue reiterated a Hold rating on Cemex SAB (CX – Research Report) today. The company’s shares opened today at $5.45.

According to TipRanks, Peyrelongue is a 3-star analyst with an average return of 2.9% and a 48.57% success rate. Peyrelongue covers the Industrials sector, focusing on stocks such as Grupo Aeroportuario del Pacifico, Grupo Aeroportuario Del Centro, and Grupo Aeroportuario del Sureste.

In addition to Bank of America Securities, Cemex SAB also received a Hold from J.P. Morgan’s Adrian Huerta in a report issued today. However, on the same day, Barclays maintained a Buy rating on Cemex SAB (NYSE: CX).

The company has a one-year high of $9.27 and a one-year low of $5.34. Currently, Cemex SAB has an average volume of 11.59M.

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Cemex SAB (CX) Company Description:

CEMEX SAB de CV engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, and aggregates. It operates though the following geographical segments: Mexico; United States; Europe; South, Central America and the Caribbean (SCA&C); Asia, Middle East and Africa (AMEA); and Others. The Europe segment covers United Kingdom, Germany, France, Spain, and Czech Republic, Poland and Latvia, as well as trading activities in Scandinavia, and Finland. The SCA&C segment includes Colombia, Panama, Costa Rica, Caribbean TCL, the Dominican Republic, Puerto Rico, Nicaragua, Jamaica, the Caribbean, El Salvador, and Guatemala. The EMEA segment comprises of Egypt, Israel, the Philippines, and the United Arab Emirates. The Others segment refers to the cement trade maritime operations, information technology solutions business, and other corporate entities as well as other minor subsidiaries with different lines of business. The company was founded by Lorenzo Zambrano Gutierrez in 1906 and is headquartered in San Pedro Garza Garcia, Mexico.

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Bank of America Securities Sticks to Their Hold Rating for Cemex SAB (CX)

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